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    Solution - Labausa Catering Services

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    Tashnim Areej
    This document shows a company's balance sheet with assets on the left equal to liabilities plus equity on the right. The assets include cash, accounts receivable, prepaid expenses, service vehicles, and equipment. The liabilities include accounts payable, loans payable, and capital. The document lists transactions over multiple periods that increase or decrease different line items, with the totals balancing at the bottom.

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    Solution - Labausa Catering Services

    Uploaded by

    Tashnim Areej
    85 views1 page
    This document shows a company's balance sheet with assets on the left equal to liabilities plus equity on the right. The assets include cash, accounts receivable, prepaid expenses, service vehicles, and equipment. The liabilities include accounts payable, loans payable, and capital. The document lists transactions over multiple periods that increase or decrease different line items, with the totals balancing at the bottom.

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    solution - Labausa Catering Services

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    This document shows a company's balance sheet with assets on the left equal to liabilities plus equity on the right. The assets include cash, accounts receivable, prepaid expenses, service vehicles, and equipment. The liabilities include accounts payable, loans payable, and capital. The document lists transactions over multiple periods that increase or decrease different line items, with the totals balancing at the bottom.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    85 views1 page

    Solution - Labausa Catering Services

    Uploaded by

    Tashnim Areej
    This document shows a company's balance sheet with assets on the left equal to liabilities plus equity on the right. The assets include cash, accounts receivable, prepaid expenses, service vehicles, and equipment. The liabilities include accounts payable, loans payable, and capital. The document lists transactions over multiple periods that increase or decrease different line items, with the totals balancing at the bottom.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    ASSETS = LIABILITIES+EQUITY

    Cash Accounts Prepaid Service Equipments Accounts Loans Labausa , Capital


    Receivable Rent and Vehicle Payable Payable
    Insurance

    1 165,000 165,000 inv.


    2 (25,000) 194,900 169,900
    3 28,500 28,500
    4 (6,200) (6,200)rent expense
    5 24,200 24,200 revenue
    6 (1,800) (1,800) supplies expense
    7 (4,000) 4,000
    8 (6,040) (6,040) utilities expense
    9 6,080 (6,080) gas expense
    10 28,240 28,240 revenue
    11 25,200 25,200 revenue
    12 (11,200) (11,200) salaries expense
    13 (15,500) (15,500) withdrawals
    To 144,660 28,240 4,000 194,900 28,500 204,480 195,820
    tal
    s

    Total assets 400,300 = Total Liabilities 204,480 + Equity 195,820


    400,300 = 400,300

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